Is an Olympic Gold Medal Actually Made of Gold?

And what's it worth?

The 2018 Winter Olympics in PyeongChang, South Korea, are almost upon us, which means athletes around the world will soon begin their pursuit of a gold medal. While winning a gold medal can provide athletes with other financially beneficial opportunities, such as endorsements, the value of the medal itself is more intrinsic than real.

 

The medals that will be awarded in PyeongChang weigh between 586 grams for the gold to 493 for the bronze and a total of 259 sets have been made for these Winter Olympics. As for the medal composition itself, according to the Olympics Website, the gold medal hardly contains any gold at all. It is in fact a silver medal with a purity of 99.9 percent plated with just 6 grams of gold.

 

But this is nothing new in Olympics history either, as the below infographic provided by American Bullion, Inc. prior to the 2014 Summer Olympics in Rio de Janeiro shows.

 

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